June Update

I think we could all agree that the only constant in life is change. This certainly applies to sentiment in and around the housing market. So often headlines are the drive but equally those same headlines are behind the times. So it is, that we observe yet another wind shift, if you will, in sentiment.

The simple supply and demand factors, particularly for central Auckland, driven by the amenity values of schooling and transport continue to draw buyers in. In short, whilst recent decision around negative gearing – LVRs and the bright line test on home ownership, may affect the speculative investor, the general appetite for home ownership is not going away.